CDIB Taiwan, Lippo tie up

CDIB Taiwan, Lippo tie up

JAKARTA (JP): Lippo and CDIB Taiwan signed a strategic
alliance agreement in Taipei on Wednesday covering a wide range
of technology, cyber Internet and e-commerce sectors in
Indonesia.

Under the terms of the agreement the two business groups will
work together in development and investment areas over the next
10 years.

"This will involve CDIB Taiwan and its group and related
companies investing in Lippo's technology-based ideas and
concepts, as well as the joint development of new businesses and
investments in other Indonesian cyber-businesses," Lippo said in
a statement.

CDIB Taiwan will be represented by its technology investment
group, which has a broad portfolio and experience in the high
technology sector in the Far East, the United States and
Southeast Asia, Lippo said. (hen)